|Day's Range||0.877 - 0.884|
|52 Week Range||0.8497 - 0.9108|
Sterling slumped on Wednesday after reports that U.K. Prime Minister Theresa May could resign as soon as today amid Brexit chaos caused a sell-off of the pound. The U.S. is looking at similar restrictions on other companies, including Chinese video surveillance company Hikvision, according to Bloomberg and the New York Times.
The return of domestic political turmoil in the United Kingdom has led to a flurry of selling momentum for the British Pound, which fell over 300 pips during the previous trading week.
It was already a terrible trading week for the British Pound thanks to the political risk circus in Westminster and Brexit related uncertainty.
The Dollar Index (DXY) found comfort near a yearly high above 97.70 today, after a raft of strong US earnings in the previous session boosted confidence over the health of the US economy.
Investing.com - The economic calendar in the U.S. is busy this week, with updates due on the housing market, retail sales, industrial production and trade which will give investors fresh insights into the health of the broader economy.
Investing.com -- The euro was slightly higher against the dollar and pound in early trade in Europe on Friday, supported by signs of an economic rebound in China and reports of buying related to a big cross-border acquisition, while sterling continues to slip amid the prospect of more months of Brexit-related uncertainty.
Dovish Draghi strikes again! The Euro fell by some 0.5 percent against the US dollar before recovering some of its losses, after the European Central Bank stood pat on monetary policy on Wednesday.
Investing.com -- The euro edged higher against the dollar and was little changed against sterling in early trade in Europe on Wednesday, with two big diary events looming large over the market.
Investing.com -- The British pound is back at its highest levels in a week in early trading in Europe on Wednesday after signs of a possible breakthrough on Brexit
The refusal to leave the EU without a deal reinforced the GBP purchases against USD and EUR, but still, there are too much “but” and “if” ahead.
Investing.com -- The British pound is higher against the dollar and euro in early trading in Europe Wednesday, as the market leans on balance towards believing that Brexit will be softened, delayed or even cancelled.
This week, we see the long-awaited real, final vote on Brexit (maybe). There are three possible outcomes that we know of: PM May’s deal, no deal, or an extension of uncertain length.
Investing.com - The British pound fell by more than a cent against the dollar as the U.K. government's top lawyer effectively killed off any chance that the U.K.'s agreement on leaving the EU would pass a vote in parliament later Tuesday, reviving the specter of a disorderly 'no-deal' Brexit.
Investing.com - The pound rallied in early European hours on Tuesday after British Prime Minister Theresa May secured last-minute changes from the European Union for her Brexit deal before a crucial vote in parliament later in the day.
Investing.com - The euro is trying to recover early Friday in Europe from the battering it took on Thursday after the European Central Bank cut its growth forecasts and failed to convince markets with its plan for stabilizing the Eurozone economy.
Investing.com - The European Central Bank pushed back its timeline for raising interest rates and announced a new round of low-cost funding to banks, known as TLTROs, effectively admitting that the slowdown across the euro zone’s economy will last longer than it first thought.
A sweet occasion on Gold! The price was declining sharply for the past few days after touching the upper line of the channel up the formation. Natural and obvious target was the lower line of this pattern. This setup has definitely a great risk to reward ratio as the target lays on 1360 USD/oz.
Investing.com - The U.S. dollar was mixed against the other major currencies on Wednesday as the yen gained ground on the back of geopolitical tensions and the British pound pushed higher with investors expecting Brexit to be delayed.